trade without stopploss but make sure that there is no terms or rules with your broker that forces to close all trades when account value gets very low or stuff like that. and of course calculate the lot size correctly! best and easy way: dont use leverage!
price going to 0.1 (silver worthless) = very unlikely.
price going to 20 or higher = more likely.
example 1: risking a total loss (silver worthless) of 1000$ would give you a return of circa 380$ when silver price hits 20
example 2: risking a total loss (silver worthless) of 1000$ would give you a return of nearly 2300$ when silver goes back to 47 price (old high year 2011)
so what you think? low risk and ok return.
*this basic concept of dealing with silver market i adapted from a once famous trader activ on tradingview but now banned for whatever reason... cheers mister mangal!
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leave a like of comment on this please
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crawling down and down and trying to bore us to death and back. keep an eye on silver since it will go up when everyone got so bored and looks away.
Trading without a stop loss is like running down the road with no underpants on. :-)
ernstschwarz
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@Glendooie, underpants and trading, two completely different things! Tell me, do you see my point in that investment idea? i agree that it is kamikazee tradeing for example EURUSD sell without stopploss because you can never tell that price may not ralley from 1.20 to 6.90 (like we had in USDTRY) but in a silver buy the worth and - very unlikely - thing is that price falls to zero / 0 / worthless, right? with a given price of 15 you can buy silver because it is relatively low to that 0. trading bitcoin or gold there are several thousand of $ until that zero.
Olay500
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Please can I hold to 40 area ?
ernstschwarz
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@Olay500, i dont know whether it will go to that area again or in what time. it is possible.
i try to point out here that it is more likely to go to 20 or 40 or 50 or 100 than going to worthless zero